Polymatech Electronics Ltd

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Any disruption, slowdown or shutdown in its manufacturing or research and development operations could adversely affect its business, financial condition, cash flows and results of operations.

The company is dependent on, and derives a substantial portion of its revenue from a few customers. In the Fiscal 2023, Fiscal 2022 and Fiscal 2021, the top five customers accounted for 61.99%, 65.78%% and 72.70%, respectively, of its restated revenue from operations. Cancellation by its top customers or delay or reduction in their orders could have a material adverse effect on its business, results of operations and financial condition.

The compqny is highly dependent upon the technical knowhow, experience and skill of its Board of Directors and its Key Managerial Personnel. If the company is unable to attract or retain such qualified personnel, this could adversely affect its business, results of operations and financial condition.

Any delay, interruption or reduction in the supply of its raw materials from its third-party suppliers and manufacturers, or an increase in the costs of such raw materials may adversely impact the pricing and supply of its products and have an adverse effect on its business, financial condition, cash flows and results of operations.